Lead Data Scientist , Reach Financial
$170-190k
3 days a week in office
Digital banking and lending platform
Be an early applicant
Digital banking and lending platform
21-100 employees
Be an early applicant
$170-190k
3 days a week in office
21-100 employees
Company mission
Reach's mission is to help people outsmart debt for good
Role
Who you are
- Master’s degree (or foreign equivalent) in Mathematics, Statistics, Econometrics, Operation Research, Industrial Engineering or Computer Science and seven (7) years of experience is required
- Must have at least seven (7) years of experience with: (1) Extracting, cleaning, manipulating datasets and building statistical models; (2) Utilizing Python to manipulate data and draw insights from large data sets; (3) Applying unsupervised and supervised machine learning algorithms; (4) Applying algorithms’ fundamentals and leveraging the best algorithm hyperparameters
- Must have at least three (3) years of experience with: (1) Consumer Unsecured Lending; (2) Consumer Credit Bureau Data; (3) Cloud Service Providers including but not limited to AWS
What the job involves
- Utilize advanced mathematical and analytical methods to develop credit underwriting strategy and risk-based pricing strategy using data analytics
- Responsible for identifying, researching, analyzing, and optimizing statistical and segmentation tools to develop acquisition risk strategies for personal loan products
- Conduct data driven analytics utilizing sophisticated analytical tools, software, and techniques
- Collaborate with the team to generate and implement automated and scalable versions of loan acquisition programs, as well as track and analyze performance of various tests and acquisition programs to evaluate their effectiveness
- Utilize analytical, statistical, and programming skills to collect, analyze and interpret large dataset
- Develop data-driven business solutions
- Mine and analyze data from internal database and external vendor to optimize and improve business decisioning
- Research and evaluate new data vendors and make recommendations
- Build and maintain data products
- Develop predictive models to optimize various functions across the organization, including marketing, risk, and operations
- Develop processes and tools to monitor and analyze model performance and data accuracy
- Work independently to create data-backed recommendations to help stakeholders make strategic business decisions
Our take
Around 20% of U.S. venture capital poured into FinTech in 2021. Ripe for disruption, financial services like lending are also incredibly lucrative businesses. Reach Financial is part of a cohort of startups trying to reshape the lending experience for consumers in the U.S.
While many technology companies have attempted to go after this vertical, few have done so with the poise of Reach. Others have pursued flashy product features and feel-good branding. Instead, Reach has steadily built up a reputation for offering a practical, modern lending service distinguished for its customer service.
The startup also differentiates itself by its proprietary method for underwriting good borrowers based on signals that go well beyond credit scores. A major part of its focus will be refining its combination of artificial intelligence and machine learning to approve applicants whom other lenders may overlook.
Performing as a lender is becoming increasingly difficult in the current economic climate. Strong capabilities as an underwriter combined with a stellar reputation among borrowers should see Reach fare better than most venture-backed fintechs in this cycle.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Time-off | Our generous vacation day policy provides 3-6 weeks depending on your time with us. Additionally, we provide 1 paid day to volunteer at the non-profit of your choice!
- Health insurance | Our comprehensive medical, dental, and vision plans ensure that our team members and their families are protected and supported
- Life insurance | We are happy to cover up to $250,000 in life insurance benefits for every team member
- Learning & development | Monthly lunch-and-learns, quarterly financial wellness webinars and online training courses are just some of the ways we help you grow and recognize growth in each other
- Flexible geography | We are flexible on where our team members live, with a commitment to virtual workplace interaction, collaboration, and engagement
- Parental leave | We offer 12 weeks of paid parental leave to give new parents the time they need and deserve to bond with their new family members
- 401k savings | Our 401k plan that includes a company match that lets you save tax-free for retirement
- Team Events | We provide regular opportunities to gather as a community, both virtually and safely in-person — whether it’s Pride Month, the Summer Step Challenge, or our end-of-the-year holiday party, we are here to celebrate what makes us unique!
Company HQ
Financial District, New York, NY
Leadership
Daniel Tilipman
(Co-Founder & CEO)Previously President and Co-founder of National Debt Relief.
Salary benchmarks
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